Assess the financial reporting landscape considering user needs, constraints, and business environment.

Identify the issues.

Analyze the issues $($qualitatively and quantitatively$).$

Provide a recommendation and conclusion.

Instructions

Review the case "Better World Storage" $($Financial Accounting Cases textbook, pages $118-120).$ Note that students will be required to bring this textbook to the exam room, if applicable.

Develop a formal response to the problem$($s$)$ posed in the case. Note that a complete analysis will reveal five issues to address.

There is no set length to the report but clear, succinct, and concise language and organization will be considered favorably in the grade.

Please submit the final report as a Word document.

Evaluation

Final Exam will be marked in its entirety out of $100.$ The following rubric indicates the criteria students are to adhere to$,$ and their relative weights to the assignment overall.

Activity$/$Competencies Demonstrated $\%$ of Final Grade

Identification and Analysis of Issues $/80$

Issue $1$: Classification of Preferred Shares $/15$

Issue $2$: Accounting for the Lease $/20$

Issue $3$: Long Term Receivable $/15$

Issue $4$: Post Retirement Benefits $/15$

Issue $5$: Future Tax Asset$/$Liability